Wells Fargo & Company Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $58.00

Fidelity National Information Services (NYSE:FIS) had its price target lowered by Wells Fargo & Company from $67.00 to $58.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the information technology services provider’s stock.

Other research analysts have also recently issued reports about the stock. Citigroup dropped their target price on shares of Fidelity National Information Services from $53.00 to $48.00 in a report on Friday, May 8th. TD Cowen reduced their price target on shares of Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. UBS Group reaffirmed a “neutral” rating and issued a $49.00 price target (down from $63.00) on shares of Fidelity National Information Services in a research report on Wednesday. Wall Street Zen downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $56.55.

Fidelity National Information Services Trading Down 0.1%

Shares of NYSE FIS opened at $42.78 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $41.14 and a two-hundred day simple moving average of $45.98. The firm has a market cap of $22.11 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77. Fidelity National Information Services has a twelve month low of $37.42 and a twelve month high of $72.91.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The business’s revenue was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. Analysts expect that Fidelity National Information Services will post 6.2 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.1%. Fidelity National Information Services’s payout ratio is currently 27.04%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. BOKF NA grew its holdings in shares of Fidelity National Information Services by 0.6% during the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock worth $1,848,000 after buying an additional 159 shares in the last quarter. Fiduciary Trust Co lifted its stake in shares of Fidelity National Information Services by 4.9% in the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after buying an additional 161 shares in the last quarter. FJ Capital Management LLC boosted its position in Fidelity National Information Services by 4.7% during the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after acquiring an additional 163 shares during the last quarter. Salomon & Ludwin LLC grew its stake in Fidelity National Information Services by 100.5% during the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 194 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its stake in Fidelity National Information Services by 4.7% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,729 shares of the information technology services provider’s stock valued at $314,000 after acquiring an additional 214 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.